Live: Wall Street edges higher on US inflation data, ASX set to slide

After two sessions in the red, Wall Street made ground overnight with the S&P 500 up 0.3 per cent on the back of US inflation coming in as expected.Futures trading is pricing in a marginal loss today on the ASX ahead of a busy session of earnings results from the likes of Telstra, IAG and the ASX itself.Follow the day's financial news and insights from our specialist business reporters on our live blog.Disclaimer: this blog is not intended as investment advice.Thu 13 Aug 2026 at 6:44amThu 13 Aug 2026 at 6:44amMarket snapshotASX 200 futures: -0.2% to 9,132 pointsASX 200 (Wednesday): -0.4% to 9,209 pointsAustralian dollar: flat at 70.61 US centsWall Street: S&P 500 +0.3%, Dow flat Nasdaq +1.0%Europe: Dax -0.2%, FTSE -0.1%, Eurostoxx -0.3%Spot gold: +0.9% to $US4,407/ounceOil: Brent futures -0.3% to $US88.61/barrel, WTI futures -0.4% to $US82.88/barrelIron ore: -0.1% to $US95.70/tonneCopper (LME): -0.1% to $US14,153/tonneBitcoin: -0.4% to $US63,455Prices current at around 6:40am AESTThu 13 Aug 2026 at 6:47amThu 13 Aug 2026 at 6:47amGood morningGood morning and welcome to another day on the ABC markets and finance blog.Stephen Letts from ABC business team limbering up for a blow-by-blow coverage of the day's events, where every post is hopefully a winner, but none should be construed as financial advice.Wall Street has closed higher after a couple of subdued sessions — the S&P 500 gained 0.3%.However, the ASX looks slipping on opening with ASX 200 futures down 0.2% at 6:40am AEST.We have a busy morning ahead of us with Telstra's full year results dropping soon.Some the other bigger companies scheduled to release results today include Transurban, ASX, IAG, Origin Energy, Orora, Charter Hall Long Wale REIT and Homeco Daily Needs REIT.Treasury Wine Estates is also expected to release its formal FY26 results today, but given it gave pretty exact guidance and a heads up on another big write down on US assets ($588 million) today's release won't be much of a surprise.As always, the game's afoot, so let's get blogging.